State Employees Credit Union located at 502 N Brightleaf Boulevard in Smithfield North Carolina provides banking services. Find opening hours, phone numbers, directions, reviews for this business and add your own. Leave feedback by writing reviews!
SECU Credit Union is currently undergoing significant change, after decades of steady, steady expansion. Now under new leadership and with an unpaid board that includes members from diverse fields who were initially rejected for years. These changes are taking shape now at SECU as new CEO and board are making fundamental alterations that were previously considered unwelcome by its staff and board.
What is a credit union?
Credit unions are non-for-profit cooperative financial institutions owned and run by their members. Instead of prioritizing shareholder profits over returning earnings to members in the form of higher savings rates, lower loan rates, or reduced fees.
State Employees Credit Union takes great pride in adhering to its “People Before Profit” philosophy, which can be seen both in their services offered and how they treat members.
In order to become a member of a credit union, it’s necessary to meet its field of membership criteria. This could involve working for a specific company, living in certain areas or being affiliated with specific groups such as schools, churches, labor unions or homeowners associations.
Credit unions provide peace of mind when investing your money because they are tightly regulated and run efficiently, while being insured by the National Credit Union Administration (NCUA), an agency of the U.S. government.
What are the benefits of being a member of a credit union?
At Credit Unions of Maine we know there are numerous advantages to being members. Perhaps one of the greatest is being part of a member-focused organization like our credit union; you are treated like an owner and can have input on how it’s run – volunteering is welcome or you could even become a board member!
Credit unions typically offer lower rates and fees than banks due to being non-profit organizations that give back profits back to members as higher interest rates for savings accounts.
Finally, credit unions tend to be more accommodating than banks when it comes to offering loans and financial services. This flexibility can be invaluable when looking for loans for purchasing homes or starting businesses that may not qualify with banks; some credit unions even offer special loans designed specifically to support local economies!
How can I become a member of a credit union?
The State Employees Credit Union (SECU), founded in 1937, is a not-for-profit financial institution founded on serving its members and assets in North Carolina. Serving nearly half a million North Carolinians with banking services like checking and savings accounts, loans, mortgages, investment savings vehicles, etc.
SECU membership requirements to join include either working for North Carolina state agencies or federal agencies located within its boundaries, living in one of 50 NC counties SECU serves, or being an immediate family member of an existing SECU member. SECU also provides other financial products and services like retirement planning, investment accounts, estate planning services and trust services.
Smithfield Credit Union operates out of 502 N Bright Leaf Blvd in Smithfield, NC 27577 and welcomes members. As an FDIC-insured institution regulated by the National Credit Union Administration, membership to this credit union is open and welcome.
How can I join a credit union?
Credit unions offer low fees and attractive savings rates, in-person banking services, 24/7 customer support and debit cards – plus some may even provide community development initiatives and programs!
To join a credit union, it’s necessary to fulfill their eligibility requirements. These may depend on factors like where you work, study or live as well as your occupation or membership of specific organizations.
State Employees’ Credit Union (SECU), for example, provides North Carolina state employees and their family members with a wide array of financial services. It offers checking accounts with no minimum balance requirement or monthly maintenance fee as well as savings accounts with competitive annual percentage yield (APY). Furthermore, SECU belongs to the CO-OP network with branches and ATMs throughout North Carolina – members are considered co-owners and can vote on the board that oversees it.
Leave a Reply